UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2021
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Nepsis, Inc.
Address:
8674 Eagle Creek Circle
Minneapolis, MN 55378
Form 13F File Number:
028-15765

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Mark Pearson
Title:
President, CCO & CIO
Phone:
952-746-2003


Signature, Place, and Date of Signing:

/s/ Mark Pearson
                         [Signature]
Minneapolis, MINNESOTA
                 [City, State]
01-13-2022
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
28
Form 13F Information table Value Total:
344784
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ADVANCED MICRO DEVICES INCCOM00790310713,27592,252SHSOLE 0 0 92,252
AMERICAN INTL GROUP INCCOM NEW02687478420,984369,054SHSOLE 0 0 369,054
ARCH CAP GROUP LTDORDG0450A10515,378345,965SHSOLE 0 0 345,965
BRISTOL-MYERS SQUIBB COCOM11012210815,576249,817SHSOLE 0 0 249,817
CHUBB LIMITEDCOMH1467J10415,59080,648SHSOLE 0 0 80,648
CIGNA CORP NEWCOM12552310014,06761,258SHSOLE 0 0 61,258
CITIGROUP INCCOM NEW17296742416,533273,772SHSOLE 0 0 273,772
CVS HEALTH CORPCOM12665010020,379197,548SHSOLE 0 0 197,548
CYBERARK SOFTWARE LTDSHSM2682V10813,05275,324SHSOLE 0 0 75,324
DEVON ENERGY CORP NEWCOM25179M10329,374666,841SHSOLE 0 0 666,841
DISCOVER FINL SVCSCOM25470910813,253114,685SHSOLE 0 0 114,685
ECOARK HLDGS INCCOM NEW27888N3076,4902,910,208SHSOLE 0 0 2,910,208
F5 INCCOM31561610216,62467,932SHSOLE 0 0 67,932
FULGENT GENETICS INCCOM3596641099,44393,876SHSOLE 0 0 93,876
GENERAL MLS INCCOM3703341045,45080,891SHSOLE 0 0 80,891
HEALTH CATALYST INCCOM42225T1079,714245,186SHSOLE 0 0 245,186
IRON MTN INC NEWCOM46284V1013,13459,894SHSOLE 0 0 59,894
J P MORGAN EXCHANGE-TRADED FULTRA SHRT INC46641Q8372,53750,253SHSOLE 0 0 50,253
MASTERCARD INCORPORATEDCL A57636Q10412,94336,021SHSOLE 0 0 36,021
NATIONAL HEALTH INVS INCCOM63633D1042,66346,336SHSOLE 0 0 46,336
NOV INCCOM62955J10314,9681,104,642SHSOLE 0 0 1,104,642
PETIQ INCCOM CL A71639T1068,727384,280SHSOLE 0 0 384,280
QUALCOMM INCCOM74752510316,85792,178SHSOLE 0 0 92,178
RENAISSANCERE HLDGS LTDCOMG7496G10319,080112,679SHSOLE 0 0 112,679
SOUTHERN COCOM8425871071,99329,058SHSOLE 0 0 29,058
VERIZON COMMUNICATIONS INCCOM92343V1043,74672,086SHSOLE 0 0 72,086
VISA INCCOM CL A92826C83912,95959,799SHSOLE 0 0 59,799
VMWARE INCCL A COM9285634029,99586,254SHSOLE 0 0 86,254